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T?eli ~tiSTR~~h1ENT ~RE?ME~ ~r
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~'`"t~~` ` M O R T G A G E ~
S~RM Av«w~ an0 T Fust SInr1
v«o e.~«n. Fa.~a, i~b y.. f~ , Loan No._ S~
THE UNDERSIGNED,_~ _ _
_NILBOURNE C. ARNSMEIER and ELIEN J. ARNSMEIER1 his wife
ot Ft~.__P.L~CS.Q- , Countyof.r~..t,._lu~L~ , State of Florida, heminsfte~
refe~red to as the Mongagor, does he~eby mortgage and war~a~t to SECURITY FEDERAL SAYINCS AN~
LOAI~I AS~'~G~ATlON OF INDIAN RIVER COUNTY, a corporation orga~ized and existing-under the
laws ot the United States of America, hereinafter re ferred to as the Mortgagee, the follow+ng real estate
~n the County of_~L ~ Luc i e in the State of Florida, to wit:
Lot Sixteen (16). Block Seventy-Seven (7~). LAKEWOOD PARK, ~
UNIT 7, according to the plat thereof~ as recorded in Plat
Book il, page 13, of the Public Records of St. Lucie County,
Florida.~/
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~ Si~ATE °F NLORIUA .
} DOCUMEN7A~~~-- STl?i~l_~
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R~1+INT ro q~i~p;F» ».134. ACrs OF 19~OPfRIr,
~IERK ClRCu1T~F~ PQR4AS ~~~N~
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If a conveyance should be made by the mortgagors of the premises herein described, or any part
thereaf, wit!~out the written consent of the Association, and without assumption in regular form of
law h~ the g~antee of the obligations to the Association created by said promissory note and this mort-
i gage, then, and in that event, and at the option of the Association, and without . notice, all sums of
money secured hereby shall immediately and concurrently with such conveyance become due and pay-
k able and in default. The Association reserves the righc to withhold consent to any such conveyance '
E and assumption until and unless saiisfaciory financia! reports and other personal data required by the
i Association are furn'sshed to the Association by the party acquiring title to the premises, or any part
~ thereof. By giving iis consent to such conveyance, the Association shall not be deemed to have released
( the mortgagor hereunder from any liability hereunder. The Association may deal with successors in in-
! terest with reference to this mortage and the debt hereby secured in the same manner as with the
; mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
~ ~ otherwise act without discharging or in any way affecting the liability of the mortgagors hereunder
t or upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with
successors in interest with reference to this mortgage and the debt hereby setured by forbearing to
sue, exte+~d~ng the time for payment of the debt, providing for diffe~ent monthly payments and/or a
different interest rate, and by other express modifications of the contract, without losing any priority
the Association has over other mortgagees or lienors or holders of any junior interest in the property
~ secured hereby.
i
; Together with al! buildings, improvements, f~xtures or appurtenarxes now or hereafter erected fihere-
on or ptaced therein, including all apparatus, equipment, fixtures or articles, whether in single units or
; centrally controlled, used to supply heat, gas, air conditioning, water, light, power, refrigeration, ventila-
~ tion or other services, and~any o~her tiiing now or hereafter therein or tf~ereon, including sc~eens, window
; shades, storm do~rs and windows, floor coverings, sc~een doors, awnings, stoves and water heaiers
; (all of which are intended to be and are hereby dec lared to be a part of said real estate whether physic-
; ally attached thereto or not); and atso together with all easements and the rents, issues and profits of
; said premises which are hereby pfedg,ed, assigned, transferred and set over unto the Mortgagee, whether
~ now due or hereafrer to become due as provided in the Supplernental Agreement secured hereby. The
Mor~gagee is hereby subrogated io the rights of all mortgages, lienholders and owners paid off by pro- -
: ceeds of the loan hereby secured. Q~~
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